No. 27/99/DKom
The latest Residential Property Price Survey conducted by Bank Indonesia in the first quarter of 2025 indicates limited gains in terms of residential property prices in the primary market, as reflected by 1.07% (yoy) growth in the Residential Property Price Index (RPPI), moderating from 1.39% (yoy) in the fourth quarter of 2024.
Property price developments were influenced by an increase in residential property sales in the primary market in the first quarter of 2025, mainly driven by sales of small residential properties, in contrast to declining sales of medium and large houses. Overall, residential property sales recorded 0.73% (yoy) growth in the reporting period, following a 15.09% (yoy) contraction in the fourth quarter of 2024.
Based on the sources of finance, most developers continued relying on non-bank financing in the form of internal funds for residential property development, dominating 77.28% of total capital in the first quarter of 2025. On the consumer side, housing loans disbursed by the banking industry remained the preferred source of financing residential property purchases, accounting for 70.68% of total financing in the reporting period.
The Residential Property Price Survey is available for download in full via the official Bank Indonesia website.
Jakarta 6th May 2025
Communication Department
Ramdan Denny Prakoso
Executive Director
